关于利率抑制和利率自由化的理论反思——兼论借贷货币资本积累与现实资本积累之关系

《教学与研究》

关于利率抑制和利率自由化的理论反思——兼论借贷货币资本积累与现实资本积累之关系

陈享光

中国人民大学经济学院

出版日期:2017-09-16 发布日期:2017-09-18
作者简介:陈享光，中国人民大学经济学院教授（北京 100872）。

A Theoretical Reflection on Interest Rate Restraint and Interest Rate Liberalization——Also on the Relationship between the Accumulation of Monetary Capital and the Accumulation of Real Capital

Chen Xiang-guang

School of Economics, Renmin University of China, Beijing 100872

Online:2017-09-16 Published:2017-09-18

摘要/Abstract

摘要： 资本利率“价格观”和货币利率“价格观”是西方经济学中流行的两种利率“价格观”，其他的利率“价格观”不过是这两种价格观的变种或综合。无论是资本利率“价格观”还是货币利率“价格观”都缺乏现实解释力。马克思主义经济学把利率看作是与资本商品—借贷资本相联系的价格，但它是一种不合理的价格形式。这种利率“价格观”可以称之为借贷资本利率“价格观”。不同利率“价格观”引申出不同的政策主张，由资本利率“价格观”和货币利率“价格观”引申出的利率政策和改革主张是错误的。只有正确把握作为资本商品价格的利率，厘清利率与货币或货币资本积累、现实资本积累之间的关系，才能对利率政策和利率改革做出正确的选择。

关键词: 资本利率价格观 , 货币利率价格观 , 借贷资本 , 利率自由化

Abstract: The price view of capital interest rate and the price view of currency interest rate are two kinds of “price views” of interest rates, which are popular in Western economics. Other price views of interest rate are merely the synthesis of these two price views. Both the price view of capital interest rate and the price view of currency interest rate lack the ability of realistic explanation. Marxist economics regards interest rates as the price associated with capital goods and loan capital. But it is an irrational price form. This kind “price view” of interest rate can be called “the price view of loan capital interest rate”. Different “price view” of interest rate brings out different policy opinions. Only when we correctly grasp the interest rate of the capital commodity price and clarify the relationship between interest rate, the accumulation of monetary capital and the accumulation of reality, can we make the correct choice for our interest rate policy and interest rate reform.

Key words: price view of capital interest rate , price view of currency interest rate , loan capital , liberalization of interest rate

陈享光. 关于利率抑制和利率自由化的理论反思——兼论借贷货币资本积累与现实资本积累之关系[J]. 《教学与研究》, DOI: .

Chen Xiang-guang. A Theoretical Reflection on Interest Rate Restraint and Interest Rate Liberalization——Also on the Relationship between the Accumulation of Monetary Capital and the Accumulation of Real Capital[J]. Teaching and Research, DOI: .